EX-12.1 2 w79397exv12w1.htm EX-12.1 exv12w1
Exhibit 12.1
NII HOLDINGS, INC.
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS
TO FIXED CHARGES
(dollars in thousands)
                 
    Three Months Ended
    June 30,
    2010   2009
Income from continuing operations before income tax
   $ 148,597     $ 195,531  
 
                
Add:
                
Fixed charges
     111,882       58,400  
Amortization of capitalized interest
     2,586       2,173  
 
                
Less:
                
Interest capitalized
     2,158       2,900  
Equity in (losses) gains of unconsolidated affiliates
     —       —  
Losses attributable to minority interests
     —       —  
     
Earnings as adjusted
   $ 260,907     $ 253,204  
       
 
                
Fixed charges:
                
Interest expense on indebtedness (including amortization of debt expense and discount)
   $ 93,274     $ 42,113  
Interest capitalized
     2,158       2,900  
Portion of rent expense representative of interest (30%)
     16,450       13,386  
       
Fixed charges
   $ 111,882     $ 58,399  
       
 
                
Ratio of earnings to fixed charges
     2.33       4.34  
       
 
                
Deficiency of earnings to cover fixed charges
   $ —     $ —